News

May 2019

Audax Private Debt Provides Financing to Support Thompson Street Capital Partners’ Portfolio Company Alpaca Audiology in Merger with Belsono Management Group

Audax Private Debt announced that, as Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the merger of Thompson Street Capital Partners portfolio company Alpaca Audiology with Belsono Management Group, LLC (Belsono) and its clinic groups Hearing Health USA, LLC and Ideal Practice Management Group, LLC. Belsono, founded by Amir Hadar and Jonathan Weizman, is headquartered in Mountain Lakes, New Jersey.

The merged Alpaca/Belsono organization (“Alpaca” or the “Company”) consists of two business units: a broad portfolio of audiology clinics providing a full range of patient services and a buying group / negotiating network for privately-owned audiology practices, offering free membership and a wide range of other member benefits. The Company’s owned and operated audiology clinic locations span primarily the eastern half of the United States, and the merged entity is now one of the largest privately-owned providers of hearing aids and audiology services in the nation.

ABOUT ALPACA AUDIOLOGY
Alpaca Audiology owns and operates a broad portfolio of audiology clinics across 20+ states and two affiliated hearing aid buying groups / negotiating networks. The Company sells hearing aids to patients and provides ancillary hearing exam and hearing aid testing services through its owned clinics. Alpaca’s buying groups offer membership to third-party audiologist practices enabling them to optimize their purchasing costs and obtain other member benefits. The Company is one of the largest independent audiology clinic groups in the United States. To learn more, please visit alpacaaudiology.com.

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